The ANC is calling on potential investors who can help save workers from possible retrenchments at African Global Operations, formerly known as Bosasa. This follows he company’s decision to ask for voluntary liquidation.

Guest: Ntebo Mokobo SABC reporter

South African Airways has been ordered to pay R1.16 billion to JSE listed aviation company Comair. The Competition Commission found SAA guilty of anti-competitive behaviour, and SAA has traversed the process of appeal and has lost.

Guest: Unathi Henama -Tourism lecturer – Tshwane University of Technology

Struggling state-owned SAA will be broken into three business units as part of a restructuring plan according to CEO Vuyani Jarana. He said the company which has not made a profit since 2011 and was given a R5bn bailout in 2018 to shore up its balance sheet — will be split into domestic, regional and international business units, each with their own management.
Finance minister Tito Mboweni is expected to announce some form of financial assistance for the airline when he tables his 2019-2020 budget in parliament on Wednesday.

Guest: Linden Birns - Aviation expert and Managing Director at Plane Talking

Bosasa announced today that it has gone into voluntarily liquidation following the closing of its bank accounts.Bosasa, which is now known as African Global Operations, found itself embroiled in allegations of state capture when its former COO, Angelo Agrizzi, appeared before the Zondo commission and testified about corruption and bribes relating to the firm’s contracts with the government. The company said today it had received formal notification from its financial institution of the decision to distance itself from the group and that it would close its bank accounts by the end of the February.

#Entpreneurship
LOAD SHEDDING AND SMALL BUSINESSES

It is said the unstable Eskom situation including load shedding is taking a toll on small business and may result in job losses and some small businesses closing down. Apparently, load shedding could cost the country as much as R5 bil a day according to OUTA

Mr Elvis Sekhaolelo
Founding Executive Director at eKasi Entrepreneurs

-The Department of Trade and Industry (dti) has criticised the sharp decline in black ownership in the country’s major economic sectors

-Sugar-cane growers have called on finance minister Tito Mboweni to shelve the sugary beverages tax — which they say has cost the sugar industry nearly R1bn since it took effect on April 1 last year.

-The latest on the markets

Guest: Phinda Mangolothi - Head of Trading – Merritt Securities

Gauteng Premier David Makhura delivered his state of the province address in Alberton, Ekurhuleni today. Makhura who is finishing his first term as the Gauteng premier this year has expressed confidence that he has fulfilled the promises he made when he first took over the administration of the province. He also announced that, that e-tolls need to be done away with because they contribute to the ever-increasing cost of living in the province.

Guest: Prof. Lesiba Teffo Political analyst – UNISA

When addressing his last State of the Province Address earlier today, Gauteng Premier David Makhura says President Cyril Ramaphosa has assured him that the issue of etolls is receiving his urgent attention. The etolling system is one of the thorny issues Makhura has been grappling with throughout his five-year term.

Guest: Wisani Makhubele- SABC Reporter

A report released by Right to Care’s Me1st campaign indicates that there’s been a dramatic increase in HIV tests among men who have sex with men. These men are said to be facing a devastating stigma and discrimination in society. This they say happens especially when they seek healthcare service.

Guest: Ian Hove - Programme manager for the Global Fund to Fight AIDS, Tuberculosis and Malaria on Right to Care's Me1st men who have sex with men campaign

-SAA will be broken into three business units as part of a restructuring plan according to CEO Vuyani Jarana. Is this the right step?

-South Africa's largest coal producer, Exxaro Resources confirmed on Monday that it has sold back its 26 percent stake in Tronox Sands LLP

-The latest on the markets

Viv Govender, Senior analyst – Randswiss Offshore